Stellantis faces significant operational challenges and competition despite being a major automotive manufacturer, leading the analyst to maintain a hold rating on the stock.
A federal lawsuit alleges female employees at a Stellantis assembly complex in Detroit were sexually harassed, according to the U.S. Equal Employment Opportunity Commission.
Stellantis faces challenges amid CEO resignation and operational issues, caution advised for potential investors due to leadership instability. Read my STLA thesis.
Newly installed Ram CEO, Tim Kuniskis, says removing its Hemi-V8 engine made Americans feel like their freedom was being taken away.
Filosa also moved Jeff Kommor back to his previous role as U.S. head of sales after a disastrous year that saw Stellantis lose nearly 2 points of market share while inventory piled up at dealerships. Tavares had reassigned Kommor to a commercial sales role in February 2024.
The mooted Honda Nissan merger and the fallout from leadership change at Stellantis suggests the auto industry must brace for turmoil, where size is a survival necessity.
Stellantis successfully lowered its U.S. inventory by over 100,000 units by the end of 2024 to balance inventory levels across dealerships.
Stellantis reported its global deliveries fell by 9% to 1.395M vehicles during Q4 2024 amid inventory reduction initiatives in the U.S.
Stellantis is planning to build a consolidated Mopar parts distribution facility in Michigan, but the location hasn't been finalized.
Stellantis' said on Thursday its fourth quarter shipments were down 9% compared to the previous year, to 1.395 million vehicles.
Tim Kuniskis retired from Stellantis at the end of May 2024, after 32 years doing everything for the company but mop the floors. He had been CEO of the Dodge brand and then also the Ram brand for his final year, when there may have been a few too many disagreements with his boss, Stellantis CEO Carlos Tavares.
In a report released today, Michael Jacks from Bank of America Securities reiterated a Buy rating on Stellantis (STLA – Research Report), with